Examples of Plan Commencement Date in a sentence
Provided that the Plan remains in force, the Loyalty Bonus will be awarded every 5 years on the 5th Plan Anniversary and every 5th Plan Anniversary thereafter, until the expiry of the earlier of (i) 30 years immediately following the Plan Commencement Date (in which case 6 times of Loyalty Bonus will be awarded at most) and (ii) the Contribution Payment Term.
On or before the applicable 401(k) Plan Commencement Date, SpinCo or another member of the SpinCo Group will adopt the SpinCo 401(k) Plan.
From and after the applicable 401(k) Plan Commencement Date, the applicable member of the SpinCo Group shall be responsible for the administration of the SpinCo 401(k) Plan, and no member of the Parent Group shall have any Liability or obligation (including any administration obligation) with respect to the SpinCo 401(k) Plan.
Any and all costs and expenses incurred by the Parent Group before the applicable Benefits Commencement Date (or, in the case of the SpinCo 401(k) Plan, the 401(k) Plan Commencement Date) to design or establish any SpinCo Plan will be retained by Parent and will constitute Parent Retained Employee Liabilities.
Before the Plan Commencement Date, you have the option to choose the Automatic Trigger Based Investment Option provided you have agreed to invest in the Equity1 Fund.
Except as set forth in Article V or Article VI, SpinCo shall be required to reimburse Parent for the cost of the SpinCo Participants’ participation in the Parent Plans during the period beginning on the Separation Date and ending on the applicable Benefits Commencement Date (or, in the case of the Parent 401(k) Plan, the 401(k) Plan Commencement Date), subject to, and in accordance with, the applicable terms of the Transition Services Agreement, to the extent applicable.
The Company expressly agrees to reimburse Parent for any and all costs and expenses incurred by the Parent Group before the applicable Benefits Commencement Date (or, in the case of the SpinCo 401(k) Plan, the 401(k) Plan Commencement Date) to administer any SpinCo Plan.
Any provision of the Plan which, on the Plan Commencement Date, is in conflict with statutes of the jurisdiction in which the Plan is issued, is hereby amended to conform to the minimum requirements of such statutes.
Commencing on the Plan Commencement Date Bank shall make available the New Account Portal through the TSYS’ services.
Notwithstanding anything to the contrary herein, if the Plan Commencement Date does not occur on or before January 30, 2010, either party shall have the right to terminate this Agreement by giving written notice to the other on or before March 15, 2010; provided, the party seeking to terminate this Agreement is not in breach of its obligations hereunder.